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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 10-K
                                (Amendment No. 1)

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
 1934

                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2001

                        COMMISSION FILE NUMBER 000-23213

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                             YOUNG INNOVATIONS, INC.
             (Exact Name of Registrant as Specified in its Charter)

                MISSOURI                                  43-1718931
        (State of Incorporation)            (I.R.S. Employer Identification No.)
      13705 SHORELINE COURT EAST,                           63045
          EARTH CITY, MISSOURI                            (Zip Code)
(Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (314) 344-0010

           Securities Registered Pursuant to Section 12(b) of the Act:

                                      None

           Securities registered pursuant to Section 12(g) of the Act:

                     Common Stock, $0.01 par value per share
                                (Title of Class)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes |X| No |_|

         Indicate by check mark if disclosure of delinquent  filers  pursuant to
Item 405 of Regulation S-K is not contained  herein,  and will not be contained,
to the best of  Registrant's  knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part  III of this  Form  10-K or any
amendment to this Form 10-K |X|

         The  aggregate  market value of the  Registrant's  Common Stock held by
non-affiliates of the Registrant on February 28, 2002 (based on the closing sale
price of $18.83 of the  Registrant's  Common  Stock,  as  reported on the Nasdaq
National Market on such date) was approximately $74,363,888.

Number of shares  outstanding of the  Registrant's  Common Stock at February 28,
2002:

           8,805,514 shares of Common Stock, par value $.01 per share

ALL SHARE AND PER SHARE NUMBERS SET FORTH ABOVE GIVE EFFECT TO THE THREE-FOR-TWO
STOCK SPLIT EFFECTIVE ON MARCH 28, 2002 FOR HOLDERS OF RECORD AS OF THE CLOSE OF
BUSINESS ON MARCH 22, 2002.

         Portions of the Registrant's definitive Proxy Statement to be filed for
its 2002 Annual Meeting of Stockholders  are incorporated by reference into Part
III of this Report.



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<PAGE>


                              PURPOSE OF AMENDMENT


The Registrant is refiling Item 11 of Part III of its Annual Report on Form 10-K
for the fiscal year ended December 31, 2001 to correct certain errors  contained
in the Registrant's  definitive Proxy Statement  prepared in connection with the
2002 Annual Meeting of Shareholders  under the caption  "Fiscal  Year-End Option
Values" which is now retitled  "Aggregated  Option Exercises in last Fiscal Year
and Fiscal Year-End Option Values".



<PAGE>


                                    PART III

ITEM 11.

AGGREGATED  OPTION  EXERCISES  IN LAST  FISCAL YEAR AND FISCAL  YEAR-END  OPTION
VALUES

         The following table sets forth certain  information with respect to the
named  executive   officers   concerning   options  exercised  during  2001  and
unexercised options held and the value thereof at fiscal year-end.

<TABLE>

                 AGGREGATED OPTION EXERCISES IN LAST FISCAL YEAR
                                       AND
                          FISCAL YEAR-END OPTION VALUES
<CAPTION>



                                                                     NUMBER OF SECURITIES UNDERLYING   VALUE OF UNEXERCISED IN-THE-
                                          SHARES                          UNEXERCISED OPTIONS AT         MONEY OPTIONS AT FISCAL
                                          SHARES                            FISCAL YEAR-END(#)               YEAR-END ($)(2)
                                        ACQUIRED ON      VALUE              ------------------               ---------------
NAME                                    EXERCISE (#)    REALIZED ($)(1)   EXERCISABLE   UNEXERCISABLE    EXERCISABLE   UNEXERCISABLE
----                                    ------------    ---------------   -----------   -------------    -----------   -------------

<S>                                        <C>           <C>               <C>             <C>            <C>               <C>
Alfred E. Brennan.....................     20,000        $200,000          130,000         130,000        $1,639,125        $852,375
Arthur L. Herbst Jr...................      None           None             95,750         109,250         1,177,884         605,928
Eric J. Stetzel.......................      None           None             30,750          35,250           332,634         233,878
Daniel E. Garrick.....................      None           None              6,000          19,000            72,075         121,850


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(1)  Based on the difference between the closing price of the Company's stock on
     the date of exercise and the exercise price of the options.
(2)  Based on the closing price of the  Company's  stock as quoted on the Nasdaq
     National Market on December 31, 2001, of $25.95.



</TABLE>

<PAGE>


                                   SIGNATURES



         Pursuant to the  requirements  of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this Amendment No. 1 to its
Annual  Report  on Form 10-K to be  signed  on its  behalf  by the  undersigned,
thereunto duly authorized.


                                                    YOUNG INNOVATIONS, INC.


                                                         /s/ Alfred E. Brennan
                                                    ----------------------------
                                                    By:  Alfred E. Brennan
                                                         President and Chief
                                                         Executive Officer



Dated:  May 9, 2002